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Nov 25, 2012
11/12
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just how man jobs can california erase. killing agriculture and construction and now manufacturing by taking away the fossil fuels. and when they get done in category there will not be any jobs except government workers . i point out that california unemployment down. >> how much. it is it a little going in the right thing. is it is the third highest in the nation and by the time jerry brown gets through it will be highest. >> i think they manage to losing milli on two snaul darter fish. and they will lose more than 37,000 jobs. >> just on the flip side. california has the worst quality so maybe this will make up for it. retillers expecting gift cards to be big sterls. all you want for christmas is the stocks. stay tuned. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheerin
just how man jobs can california erase. killing agriculture and construction and now manufacturing by taking away the fossil fuels. and when they get done in category there will not be any jobs except government workers . i point out that california unemployment down. >> how much. it is it a little going in the right thing. is it is the third highest in the nation and by the time jerry brown gets through it will be highest. >> i think they manage to losing milli on two snaul darter...
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Nov 19, 2012
11/12
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CNBC
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>>> and later, the california entrepreneur behind twitter. how jack dorsey has changed the way we communicate. now he's looking at how you use money as we take a break, take a look at how the stock market ended the week. back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well
>>> and later, the california entrepreneur behind twitter. how jack dorsey has changed the way we communicate. now he's looking at how you use money as we take a break, take a look at how the stock market ended the week. back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [...
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Nov 24, 2012
11/12
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hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is being adaptive to the new reality is. i want to turn to the bookto the israel test. a ss a capitalist and the jewish state do really is tharong,ael is that strong and important? >> i c >> baeridu. american economy is heavilyndena dependent on israel because of the debauchery of
hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that...
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Nov 18, 2012
11/12
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what we've seen in the state of california is really a grand experiment in voter democracy. it has failed. we have the highest tax rates in the nation and yet our school funding is bottom of the barrel and our schools rank bottom in the nation. so this kind of -- it doesn't work. you have to have accountability somewhere and ithould be in our elected officials. >> rick used to live in california. now he lives in new york. is it because of this, rick? >> actually no. it's because o you, david. [ laughter ] >> right. >> i actually agree with vioria on the point that voter democracy has not paid off very well in california. but this is a bit difference. wee taking a very small part of the city budget. these people aren't going to be making decisions on where to buy their water and things like that. they're taking a small part of the budget and saying okay. voters, you decide what we should do withhis, if off community project. i think it's good experiment. i like the idea of people getting together and doing something. >> michael saying it's our money for goodness sakes. should
what we've seen in the state of california is really a grand experiment in voter democracy. it has failed. we have the highest tax rates in the nation and yet our school funding is bottom of the barrel and our schools rank bottom in the nation. so this kind of -- it doesn't work. you have to have accountability somewhere and ithould be in our elected officials. >> rick used to live in california. now he lives in new york. is it because of this, rick? >> actually no. it's because o...
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Nov 13, 2012
11/12
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CNBC
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you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the big greenies. he's -- exactly the kind of epa greenie diana first got roth as describing. >> well, you know, we have had a political earthquake here in california after last week. we now have a two-thirds supermajority in the assembly and senate. now for the business community in order for our economy to grow and create jobs in investment, it is really going to be in his decisi decision make what will happen with the legislature to do that. >> you are not too optimistic. democratic legislature and democratic state which is already very liberal, left, right? how -- i don't see a way out for you, sir? >> larry, t
you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the big greenies. he's...
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Nov 23, 2012
11/12
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they support prop 30 in california to raise taxes on upper income californians and t raise the sales tax. why? because hispanics remain at the lower level of the economic planner, and they use government welfare programs at a very high rate. lou: i welcome this discussion, now being started by the republicans on reforming our immigration laws someone. but i hope that there is not a rush to judgment that somehow moves across this vast sea of facts and realities that have been avoided by both political parties. the american people really need to understand what is happening. the hispanic community needs and understand what is happening. the idea that you are broaching here that this country should be selecting those it brings into the united states based on their skills, talents, that is going to be a tough sell minette land bridges there down south. >> absolutely, and that is why amnesty is very risky because it means that stopping the flow of illegal aliens from that land bridge is going to be even more difficult. lou:f there is to be an amnesty, it will be the third in the last 26 y
they support prop 30 in california to raise taxes on upper income californians and t raise the sales tax. why? because hispanics remain at the lower level of the economic planner, and they use government welfare programs at a very high rate. lou: i welcome this discussion, now being started by the republicans on reforming our immigration laws someone. but i hope that there is not a rush to judgment that somehow moves across this vast sea of facts and realities that have been avoided by both...
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Nov 28, 2012
11/12
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from oregon down to the california coast. we're talking about the sierra but it will affect all the way from british columbia down to south of san francisco. one storm after the other. those are the huge waves. high surf warnings along the coast. you need to stay out of the water and all surfers are going to want to be in the water. a big, big event for the west. we haven't talked about this big of an event, i don't think, probably for years for the west coast, ashleigh. >> for yearses? >> yes. >> you said 20 inches of rain, ten feet of snow. that usually translates into landslides for people of california. >> no doubt about it. and this heavy rain isn't through all of the burn areas but there are burn areas affected. what i mean by that, if you're on the east coast, once you have a fire in the higher elevations, from sierra up and down from california to washington, you don't have the roots of the plant trying to hold that dirt in and the dirt just want to move and it's a one-two punch. you've lost all of the vegetation arou
from oregon down to the california coast. we're talking about the sierra but it will affect all the way from british columbia down to south of san francisco. one storm after the other. those are the huge waves. high surf warnings along the coast. you need to stay out of the water and all surfers are going to want to be in the water. a big, big event for the west. we haven't talked about this big of an event, i don't think, probably for years for the west coast, ashleigh. >> for yearses?...
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Nov 15, 2012
11/12
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a lot of conversation about that in california. how real could that be? >> that's not real. house republicans, i can assure you, will not go for a carbon tax to legislate through this. we have already been through the captain trade scheme. even the democrats couldn't pass a gap in trade scheme to your four years ago. so i no their people trying to throw this out and say it's another way to do it. that is of surged. gerri: the rumors are the republicans are being offered a lot of money, a lot of campaign dollars to get on board. >> i do not believe it would go for it because the basics are we are very, very close to being north american energy independent. the tax formula we have right now, and the technology, those two aren't providing is the closest moment we have ever had in the modern age of being completely energy independent. we don't need venezuela, north africa, the middle east. we are 21% to wait. gerri: apparently the energy industry did not give the president. let me take it to a slightly different topic. the "wall street journal" reporting tonight that the fha has
a lot of conversation about that in california. how real could that be? >> that's not real. house republicans, i can assure you, will not go for a carbon tax to legislate through this. we have already been through the captain trade scheme. even the democrats couldn't pass a gap in trade scheme to your four years ago. so i no their people trying to throw this out and say it's another way to do it. that is of surged. gerri: the rumors are the republicans are being offered a lot of money, a...
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Nov 27, 2012
11/12
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california and ten others. maryland, new jersey, yes. they're mandating zero emission cars be an increasing part of their fleet or you can't sell your cars in the state. now, small states like new jersey and maryland, not so much. but when a state as big as california, which is 10% of the u.s. market says you need to have these cars, it's a serious impediment for companies and they may be forced to make stupid cars that lose them money just to get in the california market. >> brian: it's unbelievable. we'll watch this. america is saying, we don't like the electric car. we don't like this type of electric car. but we're still getting it jammed down our throats. thanks so much. >> it's genius. thank you very much. >> brian: i sense the sarcasm. remember this guy, the governor of rhode island, took the christmas out of tree last year? well, he just went one step further. why is he smiling then? and you know him from "goodfellows" at first. there is a lot you don't know about ray liota. he is in the hot seat next, one of the horsetailented a
california and ten others. maryland, new jersey, yes. they're mandating zero emission cars be an increasing part of their fleet or you can't sell your cars in the state. now, small states like new jersey and maryland, not so much. but when a state as big as california, which is 10% of the u.s. market says you need to have these cars, it's a serious impediment for companies and they may be forced to make stupid cars that lose them money just to get in the california market. >> brian: it's...
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Nov 28, 2012
11/12
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one california-based educator is claiming student to student massages can reduce or prevent bullying. is that a good idea? let's ask amber winkler, at the think tank. she's also a former high school teacher. i'm trying to wrap my head around this, amber, because first of all, kids are sort of taught at school to keep their hands off of each other. >> yes. exactly. >> gretchen: so what's up with the theory? >> yeah. so the theory is bunk. i think it's absurd. there is no research that says massage is going to decrease bullying. it's absolutely insane. i was a teacher myself. you spend half the day telling kids to keep their hands off one another. you definitely don't want to invite them to touch each other. besides that, it sounds like a recipe for lawsuits, sexual harassment, abuse cases, you name it. we live in ally to my knowledgeious society. this is opening up a big can of worms. >> gretchen: besides the fact that would it even work? mirror is the statement from the person behind it. peer massage is a way students can learn to give and receive nurturing touch, the kind of touch th
one california-based educator is claiming student to student massages can reduce or prevent bullying. is that a good idea? let's ask amber winkler, at the think tank. she's also a former high school teacher. i'm trying to wrap my head around this, amber, because first of all, kids are sort of taught at school to keep their hands off of each other. >> yes. exactly. >> gretchen: so what's up with the theory? >> yeah. so the theory is bunk. i think it's absurd. there is no...
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Nov 24, 2012
11/12
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look at the northern california joint pension, 20,000 workers funded at 65%. they only have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it would be, a bailout for the unions. they are not concerned about wal-mart workers here. it is about their own obligations. >> youon't think they're telling these wal-mart workers if they join the union if walmart becomes unionize these workers would buy into these pensions. they're not telling them that all. there saying join a save you will be better off but these workers would be better off with i r as and 401(k) plans and pension they will get back rather than putting money into a failed pension. none of your listeners would put money into a pension of 55%. gerri: jeff flock was on the ground looking at who was out there doing the protests and for how l
look at the northern california joint pension, 20,000 workers funded at 65%. they only have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it would be, a bailout for the unions. they are not concerned about wal-mart workers here....
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Nov 14, 2012
11/12
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melissa: i am from california. i was dazzled by this you're unempressed. >>> papa john is getting sued $250 million for sending to too many text messages. they were sending 16 messages in a row after someone placed a order. the problem is, evidently papa john never got permission from the customers on the send the text. it is blaming mass text message service for the problem. >> people deserve it for ordering papa john's in the first place. i'm from new york. we have real pizza. papa john's, tastes like cardboard. you deserve it for not knowing good pizza, people. melissa: that is harsh. >> win recipient complains they got 15 texts in middle of the night. i get that from some woman who is upset with me. >> crazy people texting you in the night? >> evenly people making money will be trial lawyers. there is no $250 million in damage going on here. forget it. >> i don't know. have you ever been harassed by sales calls on your phone? it is really irritating. i think these guys deserve $250 million. >> you incur costs.
melissa: i am from california. i was dazzled by this you're unempressed. >>> papa john is getting sued $250 million for sending to too many text messages. they were sending 16 messages in a row after someone placed a order. the problem is, evidently papa john never got permission from the customers on the send the text. it is blaming mass text message service for the problem. >> people deserve it for ordering papa john's in the first place. i'm from new york. we have real pizza....
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Nov 24, 2012
11/12
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>> of go course, people are jusg fleeing california. t california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfarela recipients pour in, and you have an unsustainable state of affairs. that is california. silin unsustainable. meanwhile, they are destroying silicon valley. it is america's greatest asset., the source of all our technology and it is our potential for everth, and we are circling it over with a cast of green goo. everyone in silicon valley is now angling for green subsidy. and it is a tragedy. the money lou: that is compounded by the fact that the money that has been spent, by this administration, if you will, he rf seeking government subsidiese >> he now wants us to supportco him rather than other companies. u: joh >> john is being adapted to new realities. the primary source of the capital, i suppose. i want to turn to this book. the israel tests, would you taki up the issue of the role ofance of i civilizationsr and the importane of israel within it is a capitalist as
>> of go course, people are jusg fleeing california. t california is a microcosm of what happens to countries that raise their tax rates. entrepreneurs flee and welfarela recipients pour in, and you have an unsustainable state of affairs. that is california. silin unsustainable. meanwhile, they are destroying silicon valley. it is america's greatest asset., the source of all our technology and it is our potential for everth, and we are circling it over with a cast of green goo. everyone...
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148
Nov 14, 2012
11/12
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people are just fleeing california. california is whatappens to countries that raise their tax rates. entrepreneurs flea and welfare recipients flee in and you have an unsustainable state of fairs, and that is california, unsustainable. and silicon valley is america's greatest asset, the source of all of our technology and ultimately our military power and potential for growth and we are settling into over the pale, everybody in silicon view is angling for green subsidies and it is a tragedy. lou: that tragedy compounded by the fact the money that has been spent by this administration if you will on venture money like solyndra has been disastrous. >> they are twisting our venture capitalist, turning people like john doerr into a blithering idiot. john seeking government subsidies. he now wants us to supportim rather than him to support the country with wonderfulew companies like intel. lou: john isng adaptive to new realities. the primary source of the pital, he is turning to it, i suppose. i want to turn to this book,
people are just fleeing california. california is whatappens to countries that raise their tax rates. entrepreneurs flea and welfare recipients flee in and you have an unsustainable state of fairs, and that is california, unsustainable. and silicon valley is america's greatest asset, the source of all of our technology and ultimately our military power and potential for growth and we are settling into over the pale, everybody in silicon view is angling for green subsidies and it is a tragedy....
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Nov 28, 2012
11/12
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. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of bus
. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap...
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Nov 15, 2012
11/12
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more in sanity in california. jail time for washing your car in your driveway, water on sidewalks and not cleaning up after your dog. jail time? really? finally gone crazy in the golden state. the judge is next. stuart: breaking news from united airlines. the union software used by united ground operations. it is an update on how to fix computers. on all flights grounded on other airlines. and united has not made an official comment, where that it is a developing story. robert gray is on the ground, and working on a story as well. all working on the story. back in a moment. change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 1 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before inv
more in sanity in california. jail time for washing your car in your driveway, water on sidewalks and not cleaning up after your dog. jail time? really? finally gone crazy in the golden state. the judge is next. stuart: breaking news from united airlines. the union software used by united ground operations. it is an update on how to fix computers. on all flights grounded on other airlines. and united has not made an official comment, where that it is a developing story. robert gray is on the...
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Nov 29, 2012
11/12
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california right at the top. for every 100 private sector workers in california, for every hundred working in the private sector california has only 139 people dependent upon it for their employment, welfare in some fashion. so how are they doing hat in california? obviously they're not. stay voters just passed a ballot initiative that will raise sales tax and income tax for people who make at least $250,000 per year. don't worry about it. by the way, that was after the tax report foundation ranked california's business tax climate as the third worst in the country, the third worst. can you imagine next year? and let's turn to illinois. the third worst run state in all the country. in 2010 the state budget deficit was more than 40% of its general fund. 40 percent. the second highest of any state. s&p and moody's both give illinois the second worst credit rating in all of the 50 states. illinois is funded 45% of pension liability, the lowest percentage of any state. unemployment in illinois, very impressive as wel
california right at the top. for every 100 private sector workers in california, for every hundred working in the private sector california has only 139 people dependent upon it for their employment, welfare in some fashion. so how are they doing hat in california? obviously they're not. stay voters just passed a ballot initiative that will raise sales tax and income tax for people who make at least $250,000 per year. don't worry about it. by the way, that was after the tax report foundation...
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Nov 22, 2012
11/12
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i am an independent from california. both sides are kind of in the same place. both sides say and recognize that we need to raise the revenue and we need to have cuts. i think both sides come from different places. we need cuts, but we also have to accept tax raises and the other side says that we need more revenue. >> that's not what it sounds like from the outside. we hear a very hard-line from both sides. you hear the president get up and he says that we have to mandate. i heard from voters and they want the wealthy to pay more. and both sides seem to be willing to die on this notion. but you are saying something different. he said he talked to them in private and there was a compromise in sight. which was encouraging for the rest of it. i feel like velma and louise. we are going to go flying off this cliff with no one to help us make a stable decision. >> i think both sides are need to be raised on millionaires. i think what the president is saying is that what we need to do is make sure that we don't raise tax rates and that we actually continue to extend t
i am an independent from california. both sides are kind of in the same place. both sides say and recognize that we need to raise the revenue and we need to have cuts. i think both sides come from different places. we need cuts, but we also have to accept tax raises and the other side says that we need more revenue. >> that's not what it sounds like from the outside. we hear a very hard-line from both sides. you hear the president get up and he says that we have to mandate. i heard from...
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45
Nov 28, 2012
11/12
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they take that money, and some states designate it for particular things 30% in california goes to the education. that adds up to more than 1% of total. neill but they have been doing that for years, you would think that every kid would have a gold little bitted laptop. >> you think so, they have a state budget of 53 billion for education, one state that is biggest state. but still, a lot of change. now in addition to that 18 billion. right off the top that is just peeled off the top, have you bottom line, because, the 59 billion-dollar they spend, the people who get money from that have to pay taxes. 35% of goes to fed, you got, state local taxes which could add up to over 10% that is money that just goes into general coffers of the state that is. neil: they can use that for anything. >> anything they want to, to pay the dog catcher. >> all of these years, and all money you talk about 59 million. but, all of these years, all of various government projects, largely education when this started when you and i were young. >> this is what is was supposed to be for. neil: and our kids are s
they take that money, and some states designate it for particular things 30% in california goes to the education. that adds up to more than 1% of total. neill but they have been doing that for years, you would think that every kid would have a gold little bitted laptop. >> you think so, they have a state budget of 53 billion for education, one state that is biggest state. but still, a lot of change. now in addition to that 18 billion. right off the top that is just peeled off the top,...
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Nov 19, 2012
11/12
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so look, this is a page out of the playbook in california. that is using students, both k through 12 and college students as human shields to get tax increases. what we need to do on our side for those of us who are fiscal conservatives, is really convince voters, connect the dots that the higher taxes are going to result in much higher unemployment. we saw a modest decrease in unemployment. we're now down to 10.1. but that's still way above the national average. the big story in california is the part-time employment. >> steve: i get why the students voted for it, 'cause they got some stuff. and we all love free stuff. john, you say california really a ticking time bomb. we're short on time. you still have $200 billion of pension unfunded liabilities out there. >> yes. unfunded pension liabilities and total debt, including general obligation, bonds, revenue bonds, about a trillion dollars. i mean, that's like a federal number. that's loft zeros. so california is still in a world of hurt economically and we're hopeful that people will wake up
so look, this is a page out of the playbook in california. that is using students, both k through 12 and college students as human shields to get tax increases. what we need to do on our side for those of us who are fiscal conservatives, is really convince voters, connect the dots that the higher taxes are going to result in much higher unemployment. we saw a modest decrease in unemployment. we're now down to 10.1. but that's still way above the national average. the big story in california is...
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Nov 29, 2012
11/12
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five years ago, phi said to you, after 30-some-odd states, california twice voted against gay marriage, but this year it changed. >> uh-huh. >> sean: would you have thought five years ago that would happen? woukd you have thought in five years colorado would legalize marijuana for recreational use, and what does it tell you about american society? some people think this is evidence that america is morally is changing, and the culture is shifting and changing. >> there's no doubt about it. each generation the morals do shift and change. we can see that in a lot of different areas. a lot of it also has to do with how things are framed. you see, if you take an issue and frame it as a rights issue, everybody believes in free rights. okay? honestly i think what we have to look at is are we looking to the government to bring moral recovery to the nation? the answer is you better not. that's never happened. it doesn't happen. if there's going to be a moral recovery in america, it's not going to happen by laws. i actually thought that you could change people's behavior by making laws, i'd beco
five years ago, phi said to you, after 30-some-odd states, california twice voted against gay marriage, but this year it changed. >> uh-huh. >> sean: would you have thought five years ago that would happen? woukd you have thought in five years colorado would legalize marijuana for recreational use, and what does it tell you about american society? some people think this is evidence that america is morally is changing, and the culture is shifting and changing. >> there's no...
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Nov 27, 2012
11/12
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in california, and the federal government if koop after -- if california and the federal government keep spending the way it's been spending both will go bankrupt before they leave office. very true. tax scheme bubbling under the surface so-called wealth tax, in france, spain, iceland, switzerland they taxed net word of wealthy people every year. doesn't matter if you earn anything, or you get income or dividends, doesn't matter. if you have assets, house, gold, car, whatever, those governments are going to take some of that. uber liberals in america want to do the same thing. >> you can replace completely the income tax and the estate and gift taxes with a wealth tax of 1.5%. i think it should be graduated and progressive because to meet most important issue is to deal with the wealth nawbility inequality in this country which is much more severe than the income inequality in the country. >> bill: isn't that interesting. wealth inequality. where have we heard that before? carl marks? mao, fidel castro? if the u.s. were to impose a so-called wealth tax, that would be the seizure of priva
in california, and the federal government if koop after -- if california and the federal government keep spending the way it's been spending both will go bankrupt before they leave office. very true. tax scheme bubbling under the surface so-called wealth tax, in france, spain, iceland, switzerland they taxed net word of wealthy people every year. doesn't matter if you earn anything, or you get income or dividends, doesn't matter. if you have assets, house, gold, car, whatever, those governments...
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Nov 30, 2012
11/12
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in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here
in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what...
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Nov 26, 2012
11/12
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FBC
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so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in europe and greece. almost generational lows. a lot of the risk is already been taken out.pensive markets in the world. not but 20 or 30% maybe 4%, 5% of u.s. you have to look elsewhere. liz: what are the three areas you like most? speaker in the u.s. overweight financials foreign. we're getting higher exposure to a lot of european countries. some emerging countries outside of europe, thailand turkey, that has had a particularly good momentum. a phenomenal run many index was up 15, 20, 30%. you have the perfect environment for them with high yield environment and they should do very
so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in...
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Nov 18, 2012
11/12
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KGO
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one target employee from california has started an online petition calling on the stores to give back thanksgiving to employees and their families. now there are more than 40 petitions to save thanksgiving on change.org with more than 238,000 signatures. but experts say when it comes to competition, stores like target are similarly supplying a demand. >>> an appetite for shopping and it's becoming earlier and earlier. nobody wants to come in second in that race. so it's really a question that, look it, people are thinking about shopping, they want to go shopping. >> target says opening up at 9:00 thanksgiving night provides an after dinner shopping event for the family. but many employees argue that it takes away family values. >>> you can check out abc7news.com before you start your black friday shopping. we have compiled a list of stores that are opening as early as thanksgiving day. you can also browse their black friday sale adonals. it's all at abc7news.com under see it on tv. >>> coming up we are just hours away from tonight's 40th american music awards. we will have a preview a
one target employee from california has started an online petition calling on the stores to give back thanksgiving to employees and their families. now there are more than 40 petitions to save thanksgiving on change.org with more than 238,000 signatures. but experts say when it comes to competition, stores like target are similarly supplying a demand. >>> an appetite for shopping and it's becoming earlier and earlier. nobody wants to come in second in that race. so it's really a...
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Nov 29, 2012
11/12
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but this is california after all. we're live in los angeles on the floor of the show. back to you in new york. >> steve: you just mentioned you've got children. out of curiousity, since you are a car expert, what kind of car do you drive? >> really? you guys are going to hate me. i drive the biggest thing. it's like the partridge family bus. it's a gmc yukon xl. i have so many kids, i forget their names! they're all over the place. i'm kidding. i have the biggest vehicle in the world. i have a big dinalix xl. gets like 3 miles to the gallon. >> gretchen: all those cars you just showed us, like 1 1/2 people can fit in them. i don't really get it. >> right! i would be nine of them for my family. >> gretchen: exactly. thanks, doug. >> steve: coming up, pork and peanut butter can kill you. peanut foods making headlines this week. just how worried should you be? john stossel is on the case next. i wonder what he had for breakfast. >> brian: you know justin bieber's music. but we bet you don't know how he skyrocket to do fame and the mom who struggled to get in there. she jo
but this is california after all. we're live in los angeles on the floor of the show. back to you in new york. >> steve: you just mentioned you've got children. out of curiousity, since you are a car expert, what kind of car do you drive? >> really? you guys are going to hate me. i drive the biggest thing. it's like the partridge family bus. it's a gmc yukon xl. i have so many kids, i forget their names! they're all over the place. i'm kidding. i have the biggest vehicle in the...
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Nov 25, 2012
11/12
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FBC
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for example the california state employee's union. they went to shop a hip replacement and they got $15000 to $150,000 they put a limit of $30,000 and all of the helps come back in and said yes, we'll do it for that price. thatells you competition in a free market system works bringing down prices and de do dimunition in service. more we medical care in all kinds of ways, better prices we get and better than obama care. >> but john, i am curious what you think about they go out and search around. and it is it it is 100 percent. and there is no reason. and thyself guys need to have pencil and ledger system in the computer world. they need to be transparent. it is complications . and let me and you and that is it a version of health care over seas. you think we can fix the problems we have here in this country? >> it might be. this is the greatt country in the world. you hope you g health care on your door step. it costs every american $8000 a year. that is two can half more than other industrialized nations. doubles pay double what eve
for example the california state employee's union. they went to shop a hip replacement and they got $15000 to $150,000 they put a limit of $30,000 and all of the helps come back in and said yes, we'll do it for that price. thatells you competition in a free market system works bringing down prices and de do dimunition in service. more we medical care in all kinds of ways, better prices we get and better than obama care. >> but john, i am curious what you think about they go out and search...
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Nov 20, 2012
11/12
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CNBC
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. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >> yeah, it would be all three of those. charter schools and vouchers are a great form of competition to shaken the existing you mon nolism you really need to shaken the monopoly, it's run 50 or 60 years now with no improvement whatsoever while the rest of the world has shown dramatic improvement in education. off great program going on called the common core, 46 states have signed for increase the curriculum capability and rigor in mathematics, science and english. if it can carry off that program, a state-driven program, we have a chance of upgrading education but it's going to take a l
. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >>...
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Nov 16, 2012
11/12
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FBC
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break even horizon to make a buying a house more advantageous of renting, detroit, central valley of california and many parts of florida that number sunday two years. it is incredibly affordable. melissa: yeah. >> certainly for investors as well, so seen if you're not a homebuyer but investor instead that potential is looking very good. a big chunk of phoenix and miami purchase demand is coming from investors seeing these 5% increases in rents. melissa: buy something cheap that you can rent out to someone else. seems like a decent investment to ride out this time. thank you so much for coming on. i think i talked you out of the your position. but no, i'm just kidding. thanks for coming on, we appreciate it. >> thank you. melissa: a massive oil rig explosion rocks the gulf. could this spawn a new freeze on drilling by the federal government? we'll get answers to that coming up. >>> oil prices leap with israel reportedly preparing for a ground invasion of the gaza strip. the stakes for mideast energy supplies could really not be higher. details what is standing in the cross-hairs. more money com
break even horizon to make a buying a house more advantageous of renting, detroit, central valley of california and many parts of florida that number sunday two years. it is incredibly affordable. melissa: yeah. >> certainly for investors as well, so seen if you're not a homebuyer but investor instead that potential is looking very good. a big chunk of phoenix and miami purchase demand is coming from investors seeing these 5% increases in rents. melissa: buy something cheap that you can...
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Nov 22, 2012
11/12
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john: california is at $8 per hour. >> the inexperienced worker does not get hired. john: you don't hire them? >> no way look for somebody who has experience. >> i work harder. [laughter] but they say you have to pay them this much? >> it is pandering. it takes away my ability to run the busine. if you have a bad business model to pay $1 more. i have grown from three employees up at 28. john: they're used to be the asher. no more. nobody washes the windshield because of minimum-wage. >>bsolutely. when i was a kid a man would take you to your chair. he was retired and loved movies. john: it is against the law. >> i worked food-service for my first job. $2.25 per hour. better than no job. my mother and father say you were. you say how far. john: also construction sites? >> that is gone. >> proposition 13 they do not know how to weld. john: it is illegal for the kid to come on if he is good? >> three? [laughter] yes. john: the public support this minimum-wage. 2/3 specializes with economics say that it does kill jobs. >> more of the public should be the employer to unde
john: california is at $8 per hour. >> the inexperienced worker does not get hired. john: you don't hire them? >> no way look for somebody who has experience. >> i work harder. [laughter] but they say you have to pay them this much? >> it is pandering. it takes away my ability to run the busine. if you have a bad business model to pay $1 more. i have grown from three employees up at 28. john: they're used to be the asher. no more. nobody washes the windshield because of...
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Nov 27, 2012
11/12
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states that i call death spiral states. >> california. >> california. >> california is at the top of the list. >> where else? >> i love this. >> illinois, new york, some smaller states like new mexico. this is what's going on in the states. there are 11 of them on our list of death spirals where you see the number of people dependant on government and the number of people contributing to it and that cross over point is very dangerous. >> regarding stocks, in other words, do you stay away from corporations, domiciled in the death spiral states, does it matter nowadays in the global economy? no, everybody global indicator is important. >> it's very easy to take your comments but to get too carried away on the municipal bonds. you immediate to be conservative on the bonds. >> what happens if they cap the tax-free bond deduction and put a cap on it? >> it could happen. >> seriously. >> could go from a 35% exception to a 28% exemption. you would get a knee neck selloff in the market, but i think that people still want something, and the yields in some of these bonds are still attractive r
states that i call death spiral states. >> california. >> california. >> california is at the top of the list. >> where else? >> i love this. >> illinois, new york, some smaller states like new mexico. this is what's going on in the states. there are 11 of them on our list of death spirals where you see the number of people dependant on government and the number of people contributing to it and that cross over point is very dangerous. >> regarding...
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Nov 25, 2012
11/12
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FBC
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for example, the california gold rush. a land didn't belong to them. the country did not belong to them. it was mexico. you went in, but 800 mining claims association got 3 million americans. after a while you decided, why keep on shooting at each other. in the beginning of the 20th century you go out, create a private property system. that brought in banks, and you create. >> but california really got rich. the rest of the world is not. what is the difference? >> you americans at that time were absolutely conscious of what the rule of law was about. people kept on moving from the east coast to the west coast george washington called in bandied. the band is don't have a right to be here. congress can around and said, oh, yes they do. you start rewarding property on the basis of improvement. john: we did not always have these in america. american settlers worked out their own generally exempted right to property. >> those areas where you shaved off part of he tree. indicate they had accepted it. in some cases where they grew corn, for example, the corn
for example, the california gold rush. a land didn't belong to them. the country did not belong to them. it was mexico. you went in, but 800 mining claims association got 3 million americans. after a while you decided, why keep on shooting at each other. in the beginning of the 20th century you go out, create a private property system. that brought in banks, and you create. >> but california really got rich. the rest of the world is not. what is the difference? >> you americans at...
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Nov 30, 2012
11/12
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so california is -- the democrats in california have a chance to either, you know, make things look really good or let things look very bad. at least i'm keeping my eye on that state. >> that's a key indicator of the future. i can tell you, a place like texas, they're thrilled the number of californians leaving and moving to texas. that's happening all across the west. california is exporting some of its hardest-working, best entrepreneurs, because they've given up. i was with a man just yesterday in los angeles that said he's moving out of state, taking all of his business with him, because he can't stabbed the pain level anymore. >> greta: any thought on benghazi, that investigation? >> sure. the president has every right to nominate who he wants to have as his secretary of state. the senate has every right to demand that the president tell him who changed the instructions for ambassador rice. it's not her fault. it's somebody's. i think the senate should make quite clear they will never have a vote on ambassador rice until they know, if she's his choice, until they know what happened ab
so california is -- the democrats in california have a chance to either, you know, make things look really good or let things look very bad. at least i'm keeping my eye on that state. >> that's a key indicator of the future. i can tell you, a place like texas, they're thrilled the number of californians leaving and moving to texas. that's happening all across the west. california is exporting some of its hardest-working, best entrepreneurs, because they've given up. i was with a man just...
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Nov 22, 2012
11/12
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um, i grew up in new york, and now i live in california, right? those are really kind of basic, important things. >> under the bio: his latest photos, posted by him or his friends. it's like a running ticker tape of his life. every day, a staggering 100 million photos are uploaded onto the site. lots of photos on the-- right away. >> people love photos. >> yeah. >> photos originally weren't that big of a part of the idea for facebook, but we just found that people really liked them, so we built out this functionality. >> a dozen engineers and designers worked on the new page in this war room... >> cool. >> empty plates and toothpaste tubes by their keyboards. they raced against a clock right there telling them how much time was left to complete each high-priority task. >> we want it to be awesome. >> they came up with a new section on the left. you can now list the important people in your life--mom, dad, sister, sister, sister, girlfriend. another new feature pulls up a history of your relationship with any of your facebook friends. >> you can se
um, i grew up in new york, and now i live in california, right? those are really kind of basic, important things. >> under the bio: his latest photos, posted by him or his friends. it's like a running ticker tape of his life. every day, a staggering 100 million photos are uploaded onto the site. lots of photos on the-- right away. >> people love photos. >> yeah. >> photos originally weren't that big of a part of the idea for facebook, but we just found that people really...
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Nov 29, 2012
11/12
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we have seen him pumping his own gas and riding roller-coaster in california went viral. today's lunch comes a little over 6 weeks after the two men were basically at each other's throat arguing about the administration's response to the deadly raid on the u.s. consulate in benghazi, libya. >>> you said in the rose garden the day after the attack it was an act of terror. it was not a spontaneous demonstration. >> please proceed, governor. >> i want to make sure we get that for the record. >> we have no reason to expect that today's lunch time conversation will be anything like that. there is a precedent in recent history for this tynkind of meeting. 13 days after obama beat mccain he invited mccain to his offices in chicago. at the time the two released a statement about working together in the future. that did not hold since senator mccain has once again become one of president obama's harshest critics. >> all right beater dos see, thank you so much. >>> now to stories that you can bank on this morning and cyber monday a huge success. how big was it? >> good morning. wel
we have seen him pumping his own gas and riding roller-coaster in california went viral. today's lunch comes a little over 6 weeks after the two men were basically at each other's throat arguing about the administration's response to the deadly raid on the u.s. consulate in benghazi, libya. >>> you said in the rose garden the day after the attack it was an act of terror. it was not a spontaneous demonstration. >> please proceed, governor. >> i want to make sure we get that...
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Nov 22, 2012
11/12
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FBC
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to work, max marty and da dario mtajia have set out to build a ship, and moore it off the coast of california. outside of the reach of immigration controls and foreign entrepreneurs could work here? is that the idea. >> we call it visa-free start up technology in incubate or, on a ship 12-miles outside of the bay area, that is outside of the u.s. jurisdiction. john: idea is, -- and you are from silicon vley area, you can come to ameca with a tourist visa, work visa, and work for 3 or 6 months but you can't stay, you would have the foreign engineers on the boat, and silicon valley techeniuses would work with them. >> when you come here for a few months on tourist or visas you cannot go to work, you can visit and go to parties. really put silicon valley to the map. >> time is needed for the companies to grow, and enable them to have that. so they can meet potential investors and partners to grow. small companies, the goal for them to grow, and move to the unite the states. john: you call it the blue system seed projectbusiness see. >> it is a name of a small coany before it grows into next goog
to work, max marty and da dario mtajia have set out to build a ship, and moore it off the coast of california. outside of the reach of immigration controls and foreign entrepreneurs could work here? is that the idea. >> we call it visa-free start up technology in incubate or, on a ship 12-miles outside of the bay area, that is outside of the u.s. jurisdiction. john: idea is, -- and you are from silicon vley area, you can come to ameca with a tourist visa, work visa, and work for 3 or 6...
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Nov 18, 2012
11/12
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KGO
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redding, california and this video from san francisco, now a two-day rainfall over an inch. that's an area that needs it after a dry summer. this's been in a little bit of a drought situation and going to get help. first runs this season happen in a lot of places in the sierras and parts of the cascades where we talk about next how much rain and how much snow comes with the train of storms and with this next one, sunday night here into monday, we look for some rainfall in that 2 or even 3-inch category, red, 5 inch in seattle, portland, heavier rainfalls in some of the valleys. up in those cascades and sierras more than a foot of snow by the time you reach your monday afternoon up in mt. baker, mt. hood, the northern tip of that too. one other storm we're watching is going to create riptides and problems here. very stormy conditions from the carolinas down through florida, orlando today, 75, 80 for miami and just a quick look ahead because if you're planning a little trip and you're using the airports for wednesday into thursday, the only ones that could have any issues woul
redding, california and this video from san francisco, now a two-day rainfall over an inch. that's an area that needs it after a dry summer. this's been in a little bit of a drought situation and going to get help. first runs this season happen in a lot of places in the sierras and parts of the cascades where we talk about next how much rain and how much snow comes with the train of storms and with this next one, sunday night here into monday, we look for some rainfall in that 2 or even 3-inch...
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Nov 21, 2012
11/12
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FBC
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the golden gate bridge is a constant headache for those in california. number three we head down south to the pacific highway to los angeles. 13 million commuters can you into the city every day. 80% drive and 56 hours spent in idle cars. and of course, new york city, the big apple. they spent 57 hours or two and a half day sitting in traffic, especially if you're trying to get out of town on a friday afternoon. the number one worst city for traffic -- or not to believe this -- honolulu, waii. unbelievable. hawaiians would spend an average ♪ gerri: just how teep as the price of confidence? according to a new wells fargo's survey 250,000. americans with thakind of cash in their retirement account said it will be just fine in their golden years. retail retirement director. thank you for coming in tonight. the tipping point is 250,000. is that have more to do with reality orjust confidence? >> confidence. percent of these respondents is a more than 250,000 set i feel like it will be will to have the kind of retirement of want. gerri:hat's interesting, the
the golden gate bridge is a constant headache for those in california. number three we head down south to the pacific highway to los angeles. 13 million commuters can you into the city every day. 80% drive and 56 hours spent in idle cars. and of course, new york city, the big apple. they spent 57 hours or two and a half day sitting in traffic, especially if you're trying to get out of town on a friday afternoon. the number one worst city for traffic -- or not to believe this -- honolulu, waii....
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Nov 16, 2012
11/12
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FOXNEWS
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you mentioned the mcsally raise in airs, another one in california, another one in north carolina, mathis and mia love race in utah to be called. and one other, giants remember. >> you almost got all five. you are showing off. >> you can see it, right. >> he hasn't conceded, but it's close enough that it hasn't been called. >> greta: quickly, we will show you a live picture of gaz aalmost 6:00 a.m., terrible things happening there. any thoughts, as we watch, we are all on pins and needles? >> it is pretty incredible. the israelis wanted to send a message to hamas, that they can pick off senior had mas leaders, the leaders of the militarization of hamas, over the past decade. they can pick off one leader after another after another and cripple the organization that way. that's what they intend to do. that's what they did. >> will it be a challenge for the obama administration, how to respond. the pictures coming in now, when have you civilians being hit, when you have israeli citizens being killed. it gets more and more difficult to say that this isn't an american problem. >> greta: the me
you mentioned the mcsally raise in airs, another one in california, another one in north carolina, mathis and mia love race in utah to be called. and one other, giants remember. >> you almost got all five. you are showing off. >> you can see it, right. >> he hasn't conceded, but it's close enough that it hasn't been called. >> greta: quickly, we will show you a live picture of gaz aalmost 6:00 a.m., terrible things happening there. any thoughts, as we watch, we are all...
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about 250 filling stations in california. [talking over each other] david: we actually have a couple here in new york. i got into a cab a week ago. he claimed to be one of the very few. i think you can count them on one hand. he has one filling station in southern manhattan and one in northern manhattan. there is, you will have to build out. you talked about natural gas infrastructure for homes, it is true, it exists. you do not have one for cars and trucks. it will cost billions. >> right. by that ended the year, every 250 miles, not talking about heavy-duty trucks, every 250 miles there will be a truck stop. you mentioned our friends out pilate filled the natural gas truck stops. it is not enough? no, of course not. more will be needed. liz: a lot of these gas stations do not have electricity so they cannot extract the gasoline. >> right. we had toobringgdiesel generators and. [talking over each other] as soon as the water subsided, we got all the stations back up and running. david: the cab driver told me he saves have the
about 250 filling stations in california. [talking over each other] david: we actually have a couple here in new york. i got into a cab a week ago. he claimed to be one of the very few. i think you can count them on one hand. he has one filling station in southern manhattan and one in northern manhattan. there is, you will have to build out. you talked about natural gas infrastructure for homes, it is true, it exists. you do not have one for cars and trucks. it will cost billions. >>...
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Nov 27, 2012
11/12
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FBC
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the enrollment process, the state of california loan. here we go. california alone as ties they will need 25,000 reps' speaking as many as 13 languages to run their insurance exchange. think about that. furthermore, there is no one size fits all exchange. different states with different insurance markets in different eligibility requirements for medicaid. obamacare just keeps getting better. and we did not even get into the ws 20 different taxes that will cost taxpayers about $700 billion over just the next decade. obamacare. so far so good. the fiscal cliff negotiations under wa. business leaders go to washington meeting republican and democratic house leaders. but is what is good for business really good for the country? the "a-team" next. the government tracking terrorists, criminals, and students. a texas school district wants to attract their students. big brother not a big hit with the students. protests are up in egypt over president more seize power grab. will the united states it by quietly as he makes his move to become their leader? and i
the enrollment process, the state of california loan. here we go. california alone as ties they will need 25,000 reps' speaking as many as 13 languages to run their insurance exchange. think about that. furthermore, there is no one size fits all exchange. different states with different insurance markets in different eligibility requirements for medicaid. obamacare just keeps getting better. and we did not even get into the ws 20 different taxes that will cost taxpayers about $700 billion over...
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Nov 19, 2012
11/12
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CNBC
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michael burry, a california physician with only one good eye. uncomfortable dealing with patients, burry quit medicine and started a hedge fund in cupertino. beginning in 2003, he turned to something that no one else in america was doing: reading and analyzing the pools of risky subprime mortgage loans that wall street had been buying up and bundling into highly profitable mortgage-backed securities, which they were selling to investors around the world. >> i called up the prospectuses, and i read the prospectuses, and i looked at these pools. i could see the credit standards within these pools deteriorating just quarter to quarter. >> how could you tell that? >> there was essentially crappier mortgages being put into these pools, and it didn't seem investors seemed to care, and it didn't seem the ratings agencies seemed to care. >> do you think many people read these prospectuses? >> i think the lawyers that put them together...[laughs] to an extent, maybe. >> do you think the executives at the big wall street firms who were issuing these bonds
michael burry, a california physician with only one good eye. uncomfortable dealing with patients, burry quit medicine and started a hedge fund in cupertino. beginning in 2003, he turned to something that no one else in america was doing: reading and analyzing the pools of risky subprime mortgage loans that wall street had been buying up and bundling into highly profitable mortgage-backed securities, which they were selling to investors around the world. >> i called up the prospectuses,...